Air India likely to announce fare cut

New Delhi, Nov 24 (IANS) India’s leading carrier Air India is considering a fare cut and is likely to make an announcement soon following a request from civil aviation minister Praful Patel Saturday.An airline official said Air India could cut fare by 10-12 percent some time in December following a cut in fuel surcharge.

“The fare cut would be done taking into account losses and expenses. You can expect an announcement soon,” an airline official told IANS.

Patel, at the Hindustan Times Leadership Summit here Nov 22, had said airlines ought to cut fares because of reduction in aviation turbine fuel (ATF) prices.